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Nov 17, 2025

XAU/USD chart on the weekly time frame

XAU/USD chart on the weekly time frame

As anticipated, the gold market experienced a corrective rebound last week, culminating in a test and slight overshoot of our primary rebound target near $4200. 

The rally peaked at $4245, where significant selling pressure emerged, subsequently driving the price down to a low of $4032 before a minor recovery settled the week at $4082. 

The final two sessions of this decline were characterized by exceptionally high trading volume, representing a multi-year peak in our dataset. 

This price action has confirmed a pivot high formation on the daily chart at the $4245 level, subsequently establishing a bearish lower high. 

This structure marks a potential initial shift in the prevailing uptrend. 

Consequently, the predominant technical scenario for the coming week favors a retest of the recent low near $3900, with a high probability of a downside breach that would expose the primary downward target zone around $3700. 

This bearish outlook remains valid provided price action remains below the $4245 pivot high; a breach above this level would invalidate the setup and suggest a retest of the highs.
 
EURUSD Chart on the weekly time frame

EURUSD Chart on the weekly time frame

As anticipated, the EUR/USD pair established a bullish technical posture last week, confirming a critical pivot support level at 1.1467 following a decisive close above the 1.1600 trigger level. 

This breakout was validated by strong accompanying volume and a bullish inflection in the Relative Strength Index (RSI) as it rebounded from the neutral 50 level. 

Given the confluence of these technical signals, the near-term bias is now constructively bullish. 
Consequently, the primary strategy favors long positions, targeting a move toward the 1.1800 resistance level, which demarcates the upper boundary of the recent trading range. 

Risk management for this outlook will be governed by a stop-loss order placed at the newly confirmed support level of 1.1467. 
 
USTEC chart on the weekly time frame

USTEC chart on the weekly time frame

As anticipated, the USTEC index initiated a technical rebound during the previous week's opening session, successfully testing and marginally surpassing the primary resistance zone near 25,600. 

The rally culminated at an intraday high of approximately 25,695, where significant selling pressure emerged, precipitating a decline to a weekly low of 24,570. The index subsequently consolidated these moves, settling the week at 25,088. 

Despite this late-session recovery, the overarching technical structure continues to favor a bearish outlook, with a primary downside objective established in the 22,700 zone. 

Consequently, a strategic short position remains the preferred bias. 

Execution is advised either upon a retest of the 25,400-25,600 resistance band or following a decisive breakdown below the 24,570 support level. 

All positions should be governed by a stop-loss order placed above 25,900 to define and manage risk, targeting a move toward the 22,700 region.


 

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